Perception and decision making

Have been in a few discussion on innovation as well as watching some shows. One of the shows I watched Kamen Rider Dragon Knight - which is a variant of the original Kamen (Masked) Rider Ryuki. While it is an adaptation the American version aside from costumes, props and some (not all) characters actually shares little with the original but the special effects are way better. The assumption for some would be same show so aside from English must be the same right - this is an example of a perception that if we do not verify we wrongly assume an incorrect premise to be accurate when it is in fact false.

Do our perceptions and preconceived motions affect our decision making:

• Are we aware of how they affect us?
• Can our short term decisions have long term ramifications?
• If we qualify the criteria used to make a decision do our biases cause us to make better or worse quality choices?
• If our goal is fun and entertain or dazzle and spectacle can that cause us to make choices and pick items that in truth are less effective than if we make objective quantified decisions based solely on empirical fact?
• If our motivation is merely short term in nature can that cause us to make decision and choices which are strategically bad for us in the long term?

The million dollar questions:

• How does perception affect the quality of your decision making process?
• Are you aware of the affects your biases have on your decision make processes?
• Can this bias cause you to make emotional vs strategic choices?
• Can this bias cause you to pursue self destructive goals believing they are productive?

What are your thoughts?

Watch Kamen Rider 1971-2004 in Entertainment | View More Free Videos Online at Veoh.com

Business and life lesson from an Orchestra

Most people today enjoy listening to music, albeit singers, bands or a full orchestra. To me in orchestral music we can learn much about how to run an effective business. So what is an orchestra? 

An orchestra - an instrumental ensemble, usually fairly large with string, brass, woodwind sections, and possibly a percussion section as well. The term orchestra derives from the name for the area in front of an ancient Greek stage reserved for the Greek chorus. The orchestra grew by accretion throughout the eighteenth and nineteenth centuries, but changed very little in composition during the course of the twentieth century. 

In a growing business concern either through employees or contractors you as the owners work to create an organization to accomplish the mission of servicing your customers and/or clients. An orchestra performs a work of music for their audience (customers/clients). So, what lessons are here? 

• A conductor – leads the orchestra in performance and rehearsals, determining as the leader the musical works being performed as well as the tempo (speed and rhythm) at which the work will be performed.
• An orchestra exists to perform music – not engineering, law, auto repair – they are focused.
• An musician plays from common sheet music
• Each instrument in the organization has a unique sound and make no effort to serve in other rolls albeit vocal, winds, wood wind, string, percussion (does not pretent to be what isit not)
• Each instrument has its own strengths and limitations
• Each instrument works to compliment the others in the orchestra
• All orchestra members practice to ensure a professional performance
• Each musician learns to master their instrument before joining the orchestra
• Each musician follows the first chair, section leader and ultimately the conductor
• Each musician learns to read sheet music if only by sight and follow what it dictates
• Each musician understands the importance of keeping their commitments
• No member works to outshine the group unless the music calls for is and only when asked to do so
• Each member agrees to the uniform of the organization
• Even when performing in unison the musicians play within the range octaves of their instruments – i.e. c is still c but in the octave of their instrument
• Each member musician is treated with respect
• Each musician maintains and respects the instruments (equipment)
• Each musician understands the importance of self control
• The success of the orchestra is based on who well each section gel and work together – the failure of a single section is a failure of the whole 
  
• The fun is when all of the hard work comes together for a successful and well received performance
  

Are there any lessons you would like to add?

The Secrets of #Business Success

For years I have read many books on how to run and build a successful business. Some books say write a business plan, others talk about elaborate systems of control, even others speak of marketing.  All of these are good but they do not speak to the core issues. 

There is a saying the more things change the more they stay the same. Fact is what is takes to run and grow a business has not ever changed. Before discussing how to create a successful business let me explain simple why businesses fail.  I will start with a simple truth – a business runs at an imbalance – that is it spends less money than it generates in revenue. An unsuccessful business spends more than it makes in revenue (to grow) or spends exactly what it makes. It really is that simple and that is why a business fails. 

Some will tell you either grow or die and that to some extent is true however it is not the growth that is important rather it is the type of growth – is it natural and sustainable and balanced based on true business needs (like the cycle of nature) or is it forced, cabalistic an hostile in nature like (like a predator in an ecosystem with a limited source of food). The first can be maintained it is controlled the latter if left unchecked (i.e. driven by greed) will lead to the demise of an already fragile ecosystem and the eventual death of the business and all associated with it. 

The underlying principles that determine the sustainability and success of your business have not changed since the beginning of time. 

• Respect
• Honesty
• Trust 

Without these three (3) basic ingredients a business will fail 

• Respect – seeing and understanding the value, contribution and importance of all things (people, facilities, equipment, contractors, suppliers, employees, clients, customers, etc) involved in the enterprise and maintaining or working to enhance or at a minimum maintain them.
• Honesty – understanding your core values and strengths and providing a full disclosure to all involved so that they can made an educated determination as to your value and ability as well as remove any doubt regarding your being able to execute the terms of the agreement and knowing that if you cannot you will tell them
• Trust – the obvious result of doing the first two.    

When these characteristics are in place people can them rely on you to and trust you with their wellbeing because fact is in business you are hired to solve a problem and you do not do business with people you do not trust long term. 

Sure a book will give you all of this great theory

• Microeconomics
• Macroeconomics
• Business Ethics
• Organizational Behavior
• Financial Accounting
• Managerial
• Accounting
• Sales and Marketing
• Human Resources
• Cash Accounting
• Accrual Accounting
• Leveraging
• Business Ethnics
• Supply and Demand
• Strategic Planning
• Business and Contract Law
• Information Mapping
• Manufacturing and Production
• Operations Management
• Statistics
• Technology and Information Systems 

And a host of other theories but as is always the case in the reality and truth of what is required is simple we as people make it complicated.

• Add value
• Do your best
• Solve Problems
• Keep your word
• Service before Self
• Spend less than you Earn 

If I have left anything off feel free to add

Strategic Planning

Many people and business think operating with time sensitive goals is not import and yet jusy like drive a car with out a destination in mind and an ETA the business can flounder around aimlessly arriving no where and wasting time and resources. Shure you can operation with short term goals only yet that too will eventually lead to demise because you will deplete your resources without provisions for things like refueling and you will often find yourself going incircles wasting effort. Also the plan truth of the matter is so often short term thinking conflicts with long term thinking.

Consider this material as you think about your business